Question:
Flexible Budgeting
The master budget at Windsor, Inc., last period called for sales of 90,000 units at $36 each. The costs were estimated to be $15 variable per unit and $900,000 fixed. During the period, actual production and actual sales were 92,000 units. The selling price was $36.45 per unit. Variable costs were $17.70 per unit. Actual fixed costs were $900,000.
Required
Prepare a flexible budget for Windsor.